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Stocks · Technology · Services-Computer Integrated Systems Design

ECARX Holdings Inc.

ECX Clue Score49
China CIK 0001861974
$0.85 +1.95% Close, 9 Oct 2026
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Price $0.85 −76.82% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 20 Dec 2022. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue2,241.1Operating income−430.5Net income−439.7EPS, diluted−2.27Fiscal year 2021Revenue2,779.1 +24.0%Operating income−1,000.2Net income−1,174.0EPS, diluted−5.99Fiscal year 2022Revenue3,562.0 +28.2%Operating income−1,628.2Net income−1,564.2EPS, diluted−8.02Fiscal year 2023Revenue4,699.7 +31.9%Operating income−917.7Net income−940.5EPS, diluted−2.79Fiscal year 2024Revenue5,561.3 +18.3%Operating income−882.2Net income−932.3EPS, diluted−2.77Fiscal year 2025
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2,241.1 2,779.1 3,562.0 4,699.7 5,561.3 n/a
Growth +24.0% +28.2% +31.9% +18.3%
Operating income −430.5 −1,000.2 −1,628.2 −917.7 −882.2 n/a
Net income −439.7 −1,174.0 −1,564.2 −940.5 −932.3 n/a
Growth
EPS, diluted −2.27 −5.99 −8.02 −2.79 −2.77 n/a
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin24.6%Operating margin−19.2%Net margin−19.6%Free cash flow margin−19.5%Fiscal year 2021Gross margin29.4%Operating margin−36.0%Net margin−42.2%Free cash flow margin−35.7%Fiscal year 2022Gross margin27.9%Operating margin−45.7%Net margin−43.9%Free cash flow margin−17.4%Fiscal year 2023Gross margin27.1%Operating margin−19.5%Net margin−20.0%Free cash flow margin−27.6%Fiscal year 2024Gross margin20.8%Operating margin−15.9%Net margin−16.8%Free cash flow margin−9.8%Fiscal year 2025
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 24.6% 29.4% 27.9% 27.1% 20.8% n/a
Operating margin −19.2% −36.0% −45.7% −19.5% −15.9% n/a
Net margin −19.6% −42.2% −43.9% −20.0% −16.8% n/a
Free cash flow margin −19.5% −35.7% −17.4% −27.6% −9.8% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−368.0Capital expenditure−69.1Free cash flow−437.2Fiscal year 2021Operating cash flow−907.3Capital expenditure−85.7Free cash flow−993.0Fiscal year 2022Operating cash flow−461.3Capital expenditure−157.3Free cash flow−618.6Fiscal year 2023Operating cash flow−1,233.0Capital expenditure−62.2Free cash flow−1,295.1Fiscal year 2024Operating cash flow−430.3Capital expenditure−114.6Free cash flow−544.9Fiscal year 2025
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −368.0 −907.3 −461.3 −1,233.0 −430.3 n/a
Capital expenditure −69.1 −85.7 −157.3 −62.2 −114.6 n/a
Free cash flow −437.2 −993.0 −618.6 −1,295.1 −544.9 n/a
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2020Cash1,003.9Shareholders’ equity−2,064.0Fiscal year 2021Cash989.1Shareholders’ equity−4,103.0Fiscal year 2022Cash106.9Shareholders’ equity−196.4Fiscal year 2023Cash80.3Shareholders’ equity−918.6Fiscal year 2024Cash44.3Shareholders’ equity−1,759.7Fiscal year 2025Cash87.1
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1,003.9 989.1 106.9 80.3 44.3 87.1
Shareholders’ equity −2,064.0 −4,103.0 −196.4 −918.6 −1,759.7 n/a

In millions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of CNY, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
−368.0 −907.3 −461.3 −1,233.0 −430.3 n/a
Growth
59.0 65.2 74.6 85.8 148.3 n/a
Investment
−69.1 −85.7 −157.3 −62.2 −114.6 n/a
calc −437.2 −993.0 −618.6 −1,295.1 −544.9 n/a
Growth
calc −1.83 −4.20 −2.59 −3.84 −1.62 n/a
−91.1 −1,198.2 −313.0 592.1 −59.9 n/a
Financing
1,138.1 2,122.8 657.8 296.8 261.6 n/a

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative. Shown in CNY as filed; the screener converts to dollars.